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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: student loans

student loans stories: 27 news summaries

21 - 27 of 27 Stories | << Prev 1 2

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Congress Delivers Loan Relief for Needy Students

Broad overhaul of student loan industry earns broad bipartisan support

Sep 8, 07 4:00 AM CDT
(Newser) - Congress yesterday passed a student loan reform bill that slashes billions of dollars from lender subsidies and redirects the funds into grants for low-income students, the New York Times reports. The sweeping measure will cut $20B from federal lender subsidies, halve the interest rate on need-based loans, and pump $12B... More »

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Congress • student loans • Ted Kennedy • loans • student • Pell grants

NCAA Records Sought in
Payola Probe

Student loan referrals may have netted sports program payoffs

Aug 3, 07 5:23 AM CDT
(Newser) - New York's attorney general has demanded records of 40 NCAA athletic departments from  Georgetown and UCLA to discover if students were illegally steered to a particular college loan provider for kickbacks. Several of the Division I schools have links on their websites to a company that officials suspect is offering... More »

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NCAA • student loans • New York • Andrew Cuomo • UCLA • Auburn • Georgetown • Student Financial Services • University Financial Services

House Votes
to Overhaul Student Loans

Increases Pell money, slashes interest rates on federal loans

Jul 12, 07 6:10 AM CDT
(Newser) - The House OKed a major shakeup of student loans yesterday, in a plan that will eliminate $19 billion in subsidies to lending companies and send the cash directly to students. The bill will increase funding for Pell grants and cut the interest rates on all federally-funded loans—assuming it survives... More »

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education • student loans • higher education • loans • college • college student

U Chicago Receives $100 Mil Gift

Jun 1, 07 9:00 AM CDT
(Newser) - An anonymous donor has pledged the largest gift ever—$100 million—to the University of Chicago. The gift's purpose is to eliminate student loans for undergraduates from low-income families. The donor came from a family of modest means and has, quite obviously, done well for himself . The university identified the... More »

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Chicago • student loans • University of Chicago • big gifts • Archimedes • donation • Odyssey Scholarship

Sallie Mae
Chief Quits

Equity firm pressured loan giant CEO to step down, ease buyout

May 23, 07 5:52 AM CDT
(Newser) - The CEO of student loan giant Sallie Mae resigned unexpectedly yesterday in the midst of a $25 billion buyout by a private equity firm. The Wall Street Journal reports that Thomas J. Fitzpatrick was pressured out to stave off Congressional criticism of the buyout by J.C. Flowers and Co,... More »

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private equity • Sallie Mae • student loans • merger • loans • acquisition • Thomas J. Fitzpatrick • J.C. Flowers and Co • student

Bush Officials Killed Proposal For Student Loan Reform

Education Department under Bush is cozy with the loan industry, critics say

May 1, 07 11:25 AM CDT
(Newser) - Bush officials killed a proposal to clamp down on sleazy practices in the student loan industry in 2001, the Washington Post reports. The proposals, drafted under Clinton and circulated to the Bush team, was aimed at curbing the kind of abuses now being investigated, in which loan companies pay universities... More »

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student loans • Department of Education • money • college • university • reform • student

Loan Giant Sallie Mae Goes Private

Nation's largest student lender is
sold for $25 billion

Apr 17, 07 8:37 AM CDT
(Newser) - A group of investors is buying student lending giant Sally Mae for $25 billion, even as Capitol Hill debates reducing federal subsidies for student loans. The company—which began as a quasi-public agency—will be taken private by Bank of America, JPMorganChase, and private equity houses J. C. Flowers and... More »

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private equity • Sallie Mae • student loans • Bank of America • J. C. Flowers • business • finance • shares • Friedman Fleischer and Lowe • JPMorgan Chase

21 - 27 of 27 Stories | << Prev 1 2


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